1) Stoch RSI is getting very low, if not already reached bottom and getting ready for take off
2) Reg RSI is looking to bounce of 56 RSI(bullish) and rocket off with a nice W formation
3) We've been getting higer lows consistently over past few months. While the last bear market lasted 2.5 years that was when the market cap and amount of money and interest in the market was low I think this could be end of bear market in the next coming 2 months easily seeing how much interest is being generated on a global scale.
Also if you look at 1 DAY 1 WEEK charts you will see very similar out look. Many W formation along with low stoch+reg RSI's
Great points. Point #3 being my favorite, and I think often overlooked one.
The previous crashes and their respective gaps is getting stupidly more narrow as adoption and publicity has increased. I don't expect this trend to discontinue. I'll be extremely surprised if we touch 6k (or just below it) without a major reversal. Time will tell as they say, thanks for the words!
junoooo
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pretty good buy Signals. I fully agree with your idea!
The previous crashes and their respective gaps is getting stupidly more narrow as adoption and publicity has increased. I don't expect this trend to discontinue. I'll be extremely surprised if we touch 6k (or just below it) without a major reversal. Time will tell as they say, thanks for the words!